Australian boatbuilder buys U.S. marina

STUART, Fla. – Australian cruiser manufacturer Riviera is purchasing the Stuart Yacht Centre in Stuart, Fla. for AU$7 million as a base for its wholly-owned subsidiary, Riviera Yachts of the Americas, the company reported in a recent statement.

The marina occupies 1.2 acres, with approximately 35 berths, and is based on the St Lucie River. It will enable Riviera to better service its customers on both the east and west coasts of the state, according to the company. The marina will be Riviera’s pre-delivery and distribution point for the entire U.S. East Coast and the service center for all the current Riviera owners in Florida, the company reported.

Riviera CEO Wes Moxey said the marina will also house Riviera Yachts of the Americas’ distribution, marketing, dealer and owner support teams.

The facility includes an over-water shed enabling works to be carried out in wet or hot weather; a 55-ton travel lift; a hardstand; exceptional environmental controls for clean water operation; offices and boat building repair and metal workshop, which is fully set up and operational.

Moxey said the purchase is further evidence of the company’s long-term commitment to expanding and strengthening its international network and also to providing the very best in services and facilities for its customers.

The new U.S. facility will provide Riviera’s U.S.-based staff with the best possible equipment and location to work from, said Moxey.

“The pleasure boat market in the U.S. at the moment is at a very interesting stage with some of the largest manufacturers in the country flagging slowing sales for some models so we are staying right on our game in that market,” he said. “We are continually monitoring trends in the market place, gathering feedback from our own customers in the U.S. and listening to our dealers. The aim is to stay ahead of the market, identify changes in conditions and demands early and then respond to those in a carefully considered, timely manner.”

The marina has been in the same hands for 30 years. The 72-year-old owner plans to retire and the deal will settle in 60 days, according to Riviera.

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